ANALYST ALERT: Bidding set to begin at second ERF auction

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

Bidding will open on Wednesday for the second Emissions Reduction Fund (ERF) auction, which will run from November 4-5, operated by the Clean Energy Regulator.

Below, we outline our expectations for the second auction and implications for the supply of abatement towards Australia’s 2020 emissions reduction task.

Size matters?

As of 30th October 2015, applicants have registered 277 projects since the first ERF auction, with 87 projects registered in July alone as land-use proponents sought to mitigate the risk of a possible ‘early’ auction in line with the quarterly schedule initially proposed by the government.

Including the overhang of projects that failed to win contracts at the first ERF auction, 384 projects are currently registered in time for the second auction.

After avoided land clearing and landfill gas projects dominated the first auction, auction two will see a shift towards regeneration of forests, savannah burning, and industrial activities. 93 per cent of all projects are registered to land-use and waste proponents, while just 7 per cent are attributed to industry.

While industry accounts for only a small number projects registered, the size of those projects means that

Restricted Access

To continue reading this post, register below.

Continue reading this article

To continue reading this free article, simply click “register now” to access our free insights & events.

Access is free, and instant! Sign up below.

Register Now

Sign up to receive our research alerts

Create a free account to access our free insights and event invitations, and receive our research alerts via email. Access is complimentary, and instant. Sign up below:

Sign up for regular insights

LATEST UPDATES

  • WEBINAR: Where to for Australian carbon offset prices under current policy?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    As the federal government considers changes to its climate policy framework, including new Safeguard Mechanism […]

    Research Insights | July 13th, 2020
  • CO2 offset price of $30-100/t for Australia to reach and maintain net-zero emissions

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    As the federal government considers major changes to its climate policy framework, including crediting Safeguard […]

    Research Insights | June 23rd, 2020
  • OUTLOOK: Long-term carbon price, supply and demand outlook (Q4 FY19-20)

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    As the federal government considers major changes to its climate policy framework, including crediting Safeguard […]

    Research Insights | June 23rd, 2020
  • The King Review: Government steps toward a baseline and credit scheme

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The federal government today released the findings of its Expert Panel review (the King Review), […]

    Analyst Alerts, Research Insights | May 19th, 2020
  • UPDATE: Australia’s Expert Panel Climate Policy Review – What to Expect?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    2020 is shaping up as (another) key year for Australian climate policy, with the government’s […]

    Research Insights | May 13th, 2020
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone